Our research process is traditional, bottoms-up fundamental analysis. This work forms the core of our stock selection process. We are unrelenting in our search for asymmetrical outcomes within our defined coverage universe. The more such asymmetric opportunities in which we invest, the less risk we need to assume to meet our portfolio objectives.
Our portfolio construction is best defined as investment factor aware but not artificially constrained. We have ample latitude to express directional bias and the leeway for moderate overall beta tilts. Equally relevant – or perhaps even more – are risk guidelines which are compatible with a market environment incorporating higher, more “normal” overall volatility.
success is the result of toil
